Global Automotive Brake System Market, By Type (Disc and Drum), Technology (Antilock Braking System (ABS), Traction Control System (TCS), Electronic Stability Control (ESC), and Electronic Brake Force Distribution (EBD)), Vehicle Type (Passenger ICE Vehicle, Commercial ICE Vehicle, and Electric Vehicle), Sales Channel (OEM and Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The automotive braking systems market is expected to witness market growth at a rate of 9.3% in the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive braking systems market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
The automotive braking system is a structure that constrains motion. It is one of the most essential control systems in a vehicle. It is a connection of collective components. The braking system consumes energy from the stirring parts and eases down the vehicle with the aid of friction.
Factors for example road disaster deaths and increasing of the automotive aftermarket are one of the factors boosting automotive braking system market. Moreover, the deficient rate is anticipated to restrict the growth of the automotive braking system market. The automotive braking system market is estimated to observe a noticeable growth in the upcoming years, because of the applications of developed systems for example Antilock Braking System (ABS), Traction Control System (TCS), Electronic Stability Control (ESC), and Electronic Brake-Force Distribution (EBD), among others. The capability to accommodate with other developed systems is anticipated to boost the growth of the automotive braking system market. Moreover, the addition of front-disc or rear drum setup, which can be seated on low and medium-priced vehicles, is assumed to boost the growth of the automotive brake system market. There is a growing of demand for the investment of active and passive security in automobiles. Swiftly growing in the manufacturing and sales of vehicles along with strict administrations related to stopping of distances are expected to advantageously influence to the growth of the automotive brake system market. Decreasing of the emissions from brake wear is one of the biggest challenges for the automotive brake system. Exhaust and non-exhaust vehicular emission sources are estimated to contribute almost equally to particulate matter (PM) emissions. The discovery in the braking technologies has been accomplished by only some of the major automotive industries. Also, the growing need for lightweight items is anticipated to establish opportunities for the growth of the automotive braking system market players.
This automotive braking systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive braking systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Braking Systems Market Scope and Market Size
The automotive braking systems market is segmented on the basis of type, vehicle type, technology and sales channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the type, automotive braking systems market is segmented into disc and drum.
- Based on technology, automotive braking systems market is segmented into antilock braking system (ABS), traction control system (TCS), electronic stability control (ESC), and electronic brake force distribution (EBD).
- Based on vehicle type, automotive braking systems market is segmented into passenger ICE vehicle, commercial ICE vehicle, and electric vehicle.
- Based on sales channel, automotive braking systems market is segmented into OEM and aftermarket.
Automotive Braking Systems Market Country Level Analysis
The automotive braking systems market is analysed and market size, volume information is provided by country, type, vehicle type, technology and sales channel as referenced above.
The countries covered in the automotive braking systems market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive braking systems market because of the increasing demand for commercial vehicle and passenger vehicle. The growing of the population and less labor prices are appealing to the automotive industry players to build up manufacturing efficiency in the region. In addition, the escalating aftermarket business of automotive elements and other regarding products will positively influence the automotive braking system market during the forecast period. Europe is expected to show noticeable amount of growth in the automotive braking systems market due to the elemental manufacturers use improvised technology in their items to gain a competing edge and rise their revenue generation. The high transportations of automobiles and its regarding elements, particularly in automotive braking systems, is anticipated to boost the growth of the automotive braking systems market during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Braking Systems Market Share Analysis
The automotive braking systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive braking systems market.
The major players covered in the automotive braking systems market report are Robert Bosch GmbH, ZF Friedrichshafen AG, Continental AG, Autoliv Inc., AISIN SEIKI Co., Ltd., Mando Corp., BorgWarner Inc., WABCO Websites, Nissin Kogyo Co. Ltd., Haldex, AKEBONO BRAKE INDUSTRY CO., LTD, DENSO CORPORATION, Knorr-Bremse AG. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Automotive Braking Systems Market
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